Motor Vehicle Traffic Accident Liability Compulsory Insurance System Of Our Country

Compulsory traffic accident liability insurance refers to when the insured vehicle during driving, traffic accidents and cause other than the vehicle outside of the insured persons and victims of physical and property damage, the insurance period, the insurance company to give the corresponding compensation, such liability is mandatory, belonging to statutory insurance. Set this insurance is based on the insured, the insurance company and the benefits enjoyed by the victim tripartite reach a balance point, in the maintenance of the rights of victims, based on the shared responsibility of the main economic responsibility to maximize the differentiation of risk, and social order in a stable state."The People’s Republic of China on Road Traffic Safety Law" on May1,2004the formal implementation of this law first proposed compulsory motor vehicle insurance system. July1,2006to further implement the "compulsory traffic accident liability insurance regulations", this regulation radically refine the compulsory insurance system, to make this legal system tends to improve. However, due to rapid economic development, legal liability compulsory insurance system itself reflected along the loopholes, combined for its specific implementation process is not for a deeper study, resulting in at this stage can not meet the development needs of the entire community. This article from reality, the first of the historical development of compulsory insurance, the legal relationship between the characteristics and systematically expounded, followed by compulsory insurance for abroad on the relevant provisions of the specific practice in our country, to provide some reference. Finally, the implementation of compulsory insurance problems in the process of further proposed related legislative proposals.